The “Procurement Analytics Market” report presents an in-depth assessment of the Procurement Analytics including enabling technologies, key trends, market drivers, challenges, deployment case studies, standardization, opportunities, future roadmap, value chain, Top key player profiles and strategies. The report also presents market size forecasts from 2018 till 2023.
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The Global Procurement Analytics Market size is expected to grow from US$ 1.6 Billion in 2018 to US$ 4.1 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.4% during the forecast period.
Premium Insights:
1 Attractive Market Opportunities in the Procurement Analytics Market
2 Market By Component, 2018–2023
3 Market By Service, 2018–2023
4 Market Market Share of Top 3 Professional Services and Regions, 2018
5 Market By Organization Size, 2018
6 Market Top 3 Verticals
7 Market Investment Scenario
Key Players- SAP (Germany), Oracle (US), SAS (US), IBM (US, Coupa Software (US), Zycus(US), BRIDGEi2i Analytics (India), JAGGAER (US), Rosslyn Data Technologies (England), Genpact (UK), Tamr (US), Simfoni (US), BirchStreet (US), Proactis (UK), and Sievo (Finland).
The Procurement Analytics Market by service includes professional and managed services. Further, professional services have been classified into consulting, training and education, integration and deployment and support and maintenance services. These services help clients understand their procurement related processes effectively. The solution segment is expected to hold a larger market size during the forecast period.
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APAC includes major economies, such as India, China, Australia, Hong Kong, and Japan, which are rapidly deploying the procurement analytics solution. APAC is expected to grow at the highest CAGR during the forecast period. The APAC procurement analytics market is gaining traction, as the region is witnessing an increasing demand for cloud-driven analytical solutions, resulting in higher investments and technological advancements in various industry verticals. SMEs as well as large organizations in the APAC region have become more aware of procurement analytics solutions and services and started adopting them to enhance their supply chain, organization spend, reporting and other procurement processes.
Reasons to access this report:
The report would help the market leaders/new entrants in the market with information about the closest approximations of the revenue numbers for the overall procurement analytics market and its sub segments. It would help stakeholders understand the competitive landscape and gain more insights to better their positions and plan suitable go-to-market strategies.
